Gachibowli is one of the main IT hubs of Hyderabad. It is located in the northwestern part of the city in the Seringampalli mandal of the Rangareddy district. It is flanked on the east by Hitech City, on the south by Nanakramguda, and on the west by Osman Nagar and Tellapur.
Gachibowli is one of the major growing technology hubs in Hyderabad. The cosmopolitan nature of the locality is attracting lot of young professionals from all over India.
There are a number of already completed, ongoing and upcoming residential projects in Gachibowli, so anyone who chooses to live here is spoilt for choice.
Key Projects in Gachibowli :
|Pacifica Hill Crest|
|Shanta Sriram Sunshine Residency|
|NCC Urban Gardenia|
|Prestige High Fields|
|Northstar Homes District 1|
Connectivity and Transit Options
Gachibowli has excellent road infrastructure and is well-connected with other important localities of the city.
The APSRTC buses no. 216 and 217 travel between Gachibowli to Mehdipatnam and Koti on one direction and Lingampally on other direction. The Lingampally Railway Station is just 6km away. The Outer Ring Road runs through the Gachibowli, and it connects this locality with the Hyderabad International Airport. The Old Mumbai Road also serves as a useful mode of transportation.
The other modes of travel in Gachibowli other than the buses, are the autorickshaws.
The Gachibowli Bus Station is a major transit point in this locality. Buses for all over the city pass via or start at this bus station. The bus stops of Chaminar, Patancheru, Dilsukhnagar, Secunderabad, Koti, Lingampally, Koti, and Mehdipatnam can be accessed from here.
The major landmarks in Gachibowli are –
· Gachibowli Indoor Stadium
· EmaarMGF Boulder Hills Golf and Country Club
· Wipro Junction
· Microsoft India Development Center
· University of Hyderabad
Growth Factors in Gachibowli
The biggest factor contributing to the rapid development of Gachibowli is the presence of a number of IT companies, like Microsoft, Wipro, and Infosys. The residents in this locality are mostly young IT professionals, working in these companies. These youngsters have a good earning potential and they want to live somewhere close to work. So they are ready to pay higher prices, for a comfortable place close to work.
Gachibowli is also close to the Hitech City, just 5km away. A lot of professionals working in Hitech City choose Gachibowli to buy or rent a place, since prices here are more affordable than Hitech City.
The Outer Ring Road, which passes through this locality, improves transportation to and from Gachibowli. The Gachibowli flyover, which connects Madhapur with Kondapur, was completed in August 2011. It helps a lot by decongesting the traffic at the Gachibowli junction.
Gachibowli has a number of higher educational institutes like the Indian Business School, Urdu University, and University of Hyderabad. There are also a number of major multinational corporations in this area, like Bank of America, Franklin Templeton Investment, and so on, which increases the demand in the real estate market of this locality
There is a lack of proper connectivity between Gachibowli and the townships on the other side of the Serilingampally region. The condition of the roads connecting Gachibowli with the IT areas of Madhapur and the one connecting Gachibowli with Kondapur through Chirec School campus, is also not good.
Inadequate Drinking Water Supply
Gachibowli along with other localities in these IT developed areas do not have a well-planned water pipeline network. Residents suffer for this inadequacy and they have to depend on water tankers and packaged water to get their daily supply of drinking water.
Real Estate Market in Gachibowli
Real Estate in Gachibowli is fast on the rise. The young IT professionals choose to stay near their workplaces. They are ready to shell out some extra money in order to avoid the long commute. So the capital value of the apartments in Gachibowli is on upward curve.
Due to the rise of the IT/ITES sector in Hyderabad, the residential market in Gachibowli has seen a boost. Leading developers and builders of the country have their projects lined up in this area for the upcoming decade. The property rates in Gachibowli area have appreciated at least 10 times in the last 4-5 years.
Commercially, Gachibowli is on the map of Hyderabad. The huge mall cum IT Park being set up by the IVR Prime Urban Developers Ltd, near the offices of all the major IT companies. The recent golf course in Gachibowli and the financial district have also contributed a lot to the commercial development of this locality.
The average sale price of commercial or office spaces in Gachibowli is Rs 5,800 per sq.ft., and the rental price is Rs. 40 per sq.ft.
The average sale price of multi-storey residential apartments in Gachibowli is Rs 4150 per sq.ft., and the rental price is Rs. 16 per sq.ft..
Future Prospects for Growth
Real estate in Gachibowli is bound to see a continued growth in the future. The existing IT companies here like Oracle, Microsoft, Infosys, Capgemini and so on, are looking to increase their manpower every year. New offices are being set up within this area.
The real estate giant Tishman Speyer is developing Gachibowli as an international business hub. DLF is developing a new IT SEZ in this area. Following all these developments there is bound to be a capital appreciation of up to 15-20% in the next 3 years.
The road between Toli Chowki and Gachibowli is to be widened from 70 feet to 200 feet. This will decongest the traffic, especially during peak hours. Commuting time for those working in Gachibowli and Hitech City and living in places like Secunderabad, Cantonment areas, Begumpet, will be hugely reduced.